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JSR

OTCPK:JSCP.F
Snowflake Description

Excellent balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
JSCP.F
OTCPK
¥342B
Market Cap
  1. Home
  2. US
  3. Materials
Company description

JSR Corporation provides petrochemical products, and fine chemicals and other products in Japan and internationally. The last earnings update was 22 days ago. More info.


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JSCP.F Share Price and Events
7 Day Returns
0%
OTCPK:JSCP.F
-2.9%
US Chemicals
-3.9%
US Market
1 Year Returns
-
OTCPK:JSCP.F
-15.1%
US Chemicals
1.4%
US Market
JSCP.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
JSR (JSCP.F) 0% 0% - - 14.8% -
US Chemicals -2.9% -8.1% -8.7% -15.1% 13.9% 6%
US Market -3.9% -3.6% 1.8% 1.4% 35.8% 40.8%
1 Year Return vs Industry and Market
  • No trading data on JSCP.F.
  • No trading data on JSCP.F.
Price Volatility
JSCP.F
Industry
5yr Volatility vs Market

JSCP.F Value

 Is JSR undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of JSR to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for JSR.

OTCPK:JSCP.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:JSCP.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Chemicals Unlevered Beta Simply Wall St/ S&P Global 0.88
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.875 (1 + (1- 30.86%) (24.62%))
1.016
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.016 * 5.96%)
8.79%

Discounted Cash Flow Calculation for OTCPK:JSCP.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for JSR is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:JSCP.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 8.79%)
2019 8,011.33 Analyst x6 7,364.21
2020 25,200.00 Analyst x3 21,293.29
2021 26,653.43 Analyst x7 20,702.20
2022 32,764.67 Analyst x6 23,393.24
2023 33,900.00 Analyst x2 22,248.74
2024 28,400.00 Analyst x1 17,133.47
2025 25,129.75 Est @ -11.51% 13,935.94
2026 23,309.99 Est @ -7.24% 11,882.60
2027 22,319.30 Est @ -4.25% 10,458.54
2028 21,838.10 Est @ -2.16% 9,406.46
Present value of next 10 years cash flows ¥157,818.70
OTCPK:JSCP.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥21,838.10 × (1 + 2.73%) ÷ (8.79% – 2.73%)
¥370,357.74
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥370,357.74 ÷ (1 + 8.79%)10
¥159,526.57
OTCPK:JSCP.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥157,818.70 + ¥159,526.57
¥317,345.27
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥317,345.27 / 220.43
¥1439.66
OTCPK:JSCP.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:JSCP.F represents 0.00998x of TSE:4185
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00998x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 1,439.66 x 0.00998
$14.37
Value per share (USD) From above. $14.37
Current discount Discount to share price of $15.50
= -1 x ($15.50 - $14.37) / $14.37
-7.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of JSR is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for JSR's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are JSR's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:JSCP.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥140.62
TSE:4185 Share Price ** TSE (2019-03-25) in JPY ¥1553
United States of America Chemicals Industry PE Ratio Median Figure of 67 Publicly-Listed Chemicals Companies 17.79x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of JSR.

OTCPK:JSCP.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:4185 Share Price ÷ EPS (both in JPY)

= 1553 ÷ 140.62

11.04x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • JSR is good value based on earnings compared to the US Chemicals industry average.
  • JSR is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does JSR's expected growth come at a high price?
Raw Data
OTCPK:JSCP.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.04x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
10.1%per year
United States of America Chemicals Industry PEG Ratio Median Figure of 50 Publicly-Listed Chemicals Companies 1.33x
United States of America Market PEG Ratio Median Figure of 2,113 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

OTCPK:JSCP.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.04x ÷ 10.1%

1.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • JSR is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on JSR's assets?
Raw Data
OTCPK:JSCP.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥1,823.00
TSE:4185 Share Price * TSE (2019-03-25) in JPY ¥1553
United States of America Chemicals Industry PB Ratio Median Figure of 92 Publicly-Listed Chemicals Companies 2.14x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
OTCPK:JSCP.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:4185 Share Price ÷ Book Value per Share (both in JPY)

= 1553 ÷ 1,823.00

0.85x

* Primary Listing of JSR.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • JSR is good value based on assets compared to the US Chemicals industry average.
X
Value checks
We assess JSR's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Chemicals industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Chemicals industry average (and greater than 0)? (1 check)
  5. JSR has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

JSCP.F Future Performance

 How is JSR expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is JSR expected to grow at an attractive rate?
  • JSR's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • JSR's earnings growth is positive but not above the United States of America market average.
  • JSR's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:JSCP.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:JSCP.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 10.1%
OTCPK:JSCP.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 4.2%
United States of America Chemicals Industry Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:JSCP.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:JSCP.F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 630,000 76,900 54,700 1
2023-03-31 602,950 71,400 49,750 2
2022-03-31 553,581 66,048 40,873 7
2021-03-31 534,232 59,622 37,355 12
2020-03-31 505,945 64,412 31,345 8
OTCPK:JSCP.F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 496,746 30,940 31,116
2018-12-31 484,954 40,332 33,289
2018-09-30 464,087 40,298 31,977
2018-06-30 443,059 46,204 32,720
2018-03-31 421,930 43,596 33,230
2017-12-31 423,749 35,360
2017-09-30 412,271 40,125 37,133
2017-06-30 402,941 35,259
2017-03-31 390,599 47,506 30,078
2016-12-31 372,605 26,672
2016-09-30 373,442 46,979 22,469
2016-06-30 380,060 23,386

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • JSR's earnings are expected to grow by 10.1% yearly, however this is not considered high growth (20% yearly).
  • JSR's revenue is expected to grow by 4.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:JSCP.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from JSR Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:JSCP.F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 254.70 254.70 254.70 1.00
2023-03-31 225.60 228.60 222.60 2.00
2022-03-31 190.17 215.80 157.84 8.00
2021-03-31 170.77 203.40 145.20 13.00
2020-03-31 145.16 161.10 136.10 9.00
OTCPK:JSCP.F Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 140.62
2018-12-31 150.09
2018-09-30 143.85
2018-06-30 147.01
2018-03-31 149.31
2017-12-31 158.88
2017-09-30 166.81
2017-06-30 158.13
2017-03-31 134.43
2016-12-31 118.79
2016-09-30 99.72
2016-06-30 103.38

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • JSR is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess JSR's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
JSR has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

JSCP.F Past Performance

  How has JSR performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare JSR's growth in the last year to its industry (Chemicals).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • JSR's year on year earnings growth rate has been positive over the past 5 years.
  • JSR's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • JSR's 1-year earnings growth is negative, it can't be compared to the US Chemicals industry average.
Earnings and Revenue History
JSR's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from JSR Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:JSCP.F Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 496,746.00 31,116.00 103,080.00
2018-12-31 484,954.00 33,289.00 76,464.00 20,678.00
2018-09-30 464,087.00 31,977.00 72,459.00 20,678.00
2018-06-30 443,059.00 32,720.00 68,798.00 20,678.00
2018-03-31 421,930.00 33,230.00 63,979.00 20,678.00
2017-12-31 423,749.00 35,360.00 66,063.00 19,894.00
2017-09-30 412,271.00 37,133.00 64,693.00 19,894.00
2017-06-30 402,941.00 35,259.00 63,445.00 19,894.00
2017-03-31 390,599.00 30,078.00 63,721.00 19,894.00
2016-12-31 372,605.00 26,672.00 69,117.00 11,559.00
2016-09-30 373,442.00 22,469.00 66,361.00 11,559.00
2016-06-30 380,060.00 23,386.00 63,286.00 11,559.00
2016-03-31 386,709.00 24,068.00 60,566.00 11,559.00
2015-12-31 392,762.00 26,690.00 58,873.00 11,090.00
2015-09-30 399,306.00 29,425.00 57,277.00 11,090.00
2015-06-30 403,439.00 29,495.00 56,305.00 11,090.00
2015-03-31 404,073.00 29,918.00 54,611.00 11,090.00
2014-12-31 412,011.00 28,296.00 54,598.00 10,815.00
2014-09-30 405,424.00 25,032.00 53,824.00 10,815.00
2014-06-30 398,651.00 23,663.00 53,538.00 10,815.00
2014-03-31 394,309.00 25,172.00 52,507.00 10,815.00
2013-12-31 384,226.00 28,984.00 61,039.00
2013-09-30 377,698.00 29,803.00 59,673.00
2013-06-30 370,259.00 30,344.00 58,121.00
2013-03-31 371,487.00 30,278.00 57,119.00
2012-12-31 365,955.00 28,638.00 47,940.00 8,971.00
2012-09-30 362,179.00 28,416.00 46,795.00 8,971.00
2012-06-30 358,543.00 27,791.00 45,391.00 8,971.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • JSR has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • JSR used its assets less efficiently than the US Chemicals industry average last year based on Return on Assets.
  • JSR's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess JSR's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Chemicals industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
JSR has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

JSCP.F Health

 How is JSR's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up JSR's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • JSR is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • JSR's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of JSR's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from JSR Company Filings, last reported 1 month ago.

OTCPK:JSCP.F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 440,359.00 84,296.00 70,785.00
2018-12-31 435,438.00 84,267.00 73,411.00
2018-09-30 436,916.00 85,449.00 78,233.00
2018-06-30 432,257.00 82,616.00 85,667.00
2018-03-31 411,615.00 81,601.00 124,956.00
2017-12-31 410,198.00 79,063.00 113,115.00
2017-09-30 399,413.00 68,130.00 82,441.00
2017-06-30 384,055.00 64,337.00 79,099.00
2017-03-31 376,715.00 62,121.00 140,933.00
2016-12-31 362,908.00 59,415.00 129,229.00
2016-09-30 356,715.00 46,676.00 120,177.00
2016-06-30 354,175.00 46,650.00 122,862.00
2016-03-31 362,352.00 43,089.00 112,091.00
2015-12-31 361,559.00 46,650.00 114,296.00
2015-09-30 356,275.00 41,062.00 113,584.00
2015-06-30 365,165.00 40,189.00 113,031.00
2015-03-31 364,672.00 39,026.00 115,981.00
2014-12-31 354,450.00 32,610.00 125,347.00
2014-09-30 349,939.00 27,329.00 130,402.00
2014-06-30 338,384.00 25,187.00 114,483.00
2014-03-31 337,258.00 26,647.00 114,394.00
2013-12-31 337,519.00 24,917.00 118,675.00
2013-09-30 330,009.00 21,960.00 115,827.00
2013-06-30 321,926.00 22,136.00 104,698.00
2013-03-31 315,733.00 20,837.00 111,602.00
2012-12-31 298,562.00 20,215.00 110,576.00
2012-09-30 293,479.00 15,041.00 115,541.00
2012-06-30 287,599.00 15,183.00 100,744.00
  • JSR's level of debt (19.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (7.9% vs 19.1% today).
  • Debt is well covered by operating cash flow (36.7%, greater than 20% of total debt).
  • JSR earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess JSR's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. JSR has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

JSCP.F Dividends

 What is JSR's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.86%
Current annual income from JSR dividends. Estimated to be 4.26% next year.
If you bought $2,000 of JSR shares you are expected to receive $77 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • JSR's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • JSR's dividend is above the markets top 25% of dividend payers in United States of America (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:JSCP.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
United States of America Chemicals Industry Average Dividend Yield Market Cap Weighted Average of 54 Stocks 2.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1997 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:JSCP.F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 100.00 1.00
2023-03-31 80.00 2.00
2022-03-31 70.00 7.00
2021-03-31 65.08 13.00
2020-03-31 60.00 12.00
OTCPK:JSCP.F Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-08 60.000 3.377
2018-11-09 60.000 3.487
2018-10-29 60.000 3.456
2018-06-15 60.000 3.012
2018-04-25 60.000 2.853
2018-02-09 50.000 2.078
2018-01-29 50.000 1.997
2017-11-10 50.000 2.239
2017-10-30 50.000 2.244
2017-06-16 50.000 2.470
2017-02-10 50.000 2.596
2017-01-30 50.000 2.506
2016-11-10 50.000 2.798
2016-10-24 50.000 3.193
2016-06-17 50.000 3.362
2016-04-25 50.000 3.223
2016-02-10 50.000 3.104
2016-01-25 50.000 2.967
2015-11-10 50.000 2.720
2015-10-26 50.000 2.640
2015-06-17 50.000 2.545
2015-04-22 50.000 2.335
2015-02-06 40.000 1.875
2015-01-26 40.000 1.946
2014-11-10 40.000 1.937
2014-10-27 40.000 2.040
2014-06-17 40.000 2.218
2014-04-23 40.000 2.346
2014-02-07 38.000 2.093
2014-01-27 38.000 2.104
2013-10-28 38.000 1.987
2013-07-29 38.000 2.114
2013-05-30 38.000 1.950
2013-04-24 38.000 1.727
2013-02-08 34.000 1.754
2013-01-28 34.000 1.910
2012-11-09 34.000 2.137
2012-10-29 34.000 2.428
2012-07-23 34.000 2.534
2012-06-15 34.000 2.491
2012-04-25 34.000 2.406
2012-02-09 32.000 1.933
2012-01-23 32.000 2.039
2011-11-10 32.000 2.225
2011-10-24 32.000 2.172
2011-07-25 32.000 2.312
2011-04-25 32.000 2.029
2011-01-31 32.000 1.947
2010-10-25 32.000 2.115
2010-08-12 32.000 2.371
2010-07-26 32.000 2.139
2010-05-27 32.000 2.021
2010-02-10 26.000 1.420
2010-01-25 26.000 1.466
2009-10-26 26.000 1.463
2009-08-11 26.000 1.485
2009-07-27 26.000 1.525

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of JSR's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess JSR's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can JSR afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. JSR has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

JSCP.F Management

 What is the CEO of JSR's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Nobu Koshiba
CEO Bio

Mr. Mitsunobu Koshiba, also known as Nobu, serves as President and President of Management Strategic Businesses of JSR Corporation. Mr. Koshiba served as Executive Managing Director of Fine Chemicals Sector & Safety Environmental Affairs and General Manager of Electronic Materials of Fine Chemicals of JSR Corp. He served as a Director of Fine Chemicals at JSR Corp. He serves as a Representative Director of JSR Corporation.

CEO Compensation
  • Insufficient data for Nobu to compare compensation growth.
  • Insufficient data for Nobu to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Nobu Koshiba

TITLE
President & Representative Director

Hideki Miyazaki

TITLE
Managing Officer

Makoto Doi

TITLE
Senior Officer & GM of Legal Department

Koichi Kawasaki

TITLE
Executive Managing Officer

Nobuo Kawahashi

TITLE
Executive Managing Officer & Director
TENURE
1.9 yrs

Takatoshi Nagatomo

TITLE
Senior Officer

Hayato Hirano

TITLE
Managing Officer & GM of Elastomer Div.
AGE
49

Katsuya Inoue

TITLE
Managing Officer & GM of Corporate Planning Div.

Tsuyoshi Watanabe

TITLE
Senior Officer

Eric R. Johnson

TITLE
Managing Officer & GM of Life Science Division
TENURE
1.9 yrs
Board of Directors

Hideki Miyazaki

TITLE
Managing Officer
TENURE
1.3 yrs

Koichi Kawasaki

TITLE
Executive Managing Officer

Nobuo Kawahashi

TITLE
Executive Managing Officer & Director

Yuzuru Matsuda

TITLE
Independent Outside Director

Nobu Koshiba

TITLE
President & Representative Director

Shiro Sugata

TITLE
Independent Outside Director

Tadayuki Seki

TITLE
Independent Outside Director
AGE
69

Atsushi Kumano

TITLE
Standing Audit & Supervisory Board Member

Hisako Kato

TITLE
Independent Outside Audit & Supervisory Board Member

Sumio Moriwaki

TITLE
Independent Outside Audit & Supervisory Board Member
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess JSR's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. JSR has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

JSCP.F News

Simply Wall St News

JSCP.F Company Info

Description

JSR Corporation provides petrochemical products, and fine chemicals and other products in Japan and internationally. The company operates through three segments: Elastomers Business, Plastics Business, and Fine Chemicals and Other Products Business. The Elastomers Business segment offers general purpose synthetic rubbers, including emulsion polymerization styrene-butadiene (SB), solution polymerization SB, styrene, polybutadiene and isoprene rubbers, etc.; special-purpose synthetic rubbers, such as nitrile, butyl, ethylene propylene, NV and NE polymer blend rubbers, etc.; and thermoplastic elastomers comprising butadiene type TPE, hydrogenated polymer, styrene-butadiene type TPE, styrene-isoprene type TPE, olefin type TPE, etc. It also provides emulsion products consisting of paper coating latex, SB latex, acrylic emulsions, asphalt pavement modifiers, etc.; and performance chemicals, including high-functional dispersants, organic/inorganic hybrid coating materials, battery materials, and thermal management materials. The Plastics Business segment offers synthetic resins, such as acrylonitrile-butadiene-styrene plastic and acrylonitrile-ethylene-propylene-styrene plastic products. The Fine Chemicals and Other Products Business segment provides semiconductor materials comprising lithography materials, chemical mechanical planarization materials, and packaging materials; display materials consisting of liquid crystal display and flat panel display materials; and optical materials, including precision and processing business materials. It also offers life sciences materials, such as in-vitro diagnostic and research reagents, and bioprocess materials; and lithium ion capacitors. JSR Corporation has collaboration with Aspect Biosystems to develop human liver tissue. The company was formerly known as Japan Synthetic Rubber Co., Ltd. JSR Corporation was founded in 1957 and is headquartered in Tokyo, Japan.

Details
Name: JSR Corporation
JSCP.F
Exchange: OTCPK
Founded:
¥3,124,443,457
220,431,196
Website: http://www.jsr.co.jp
Address: JSR Corporation
Shiodome Sumitomo Building,
1-9-2, Higashi-Shimbashi,
Tokyo,
105-8640,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 4185 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK JSCP.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB JYR Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
OTCPK JSCP.Y ADR Pink Sheets LLC US USD 17. Nov 2008
Number of employees
Current staff
Staff numbers
7,203
JSR employees.
Industry
Specialty Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/16 02:01
End of day share price update: 2019/03/25 00:00
Last estimates confirmation: 2019/05/14
Last earnings filing: 2019/04/24
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.